Ascending wedge vs. Ascending Triangle - One will save you $ one will take your $

I've been trading about 6 months, have done a lot of research and taken a few courses. I had this question after making a few bad trades... 'but I thought that was a rising wedge? why did it break out?' There is actually an ascending wedge AND an ascending triangle. One is bullish, one is bearish.

Ascending Wedge - Bearish - top and bottom lines are angled up (or down in a downtrend)

Ascending Triangle - Bullish - the bottom line is angled up but the top line is rather horizontal or tilted slightly downward

This one eluded me quite awhile. I thought they were 2 names of the same thing.

Here is a great article explaining the difference between the 2 in detail https://stockcharts.com/articles/decisionpoint/2015/04/whats-the-difference-between-an-ascending-wedge-and-an-ascending-triangle.html

Happy trading!

Comments, resteems & upvotes always appreciated! ")

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